Nvidia has made history by becoming the first company in the world to reach a $5 trillion (£3.8 trillion) market value. Originally known for designing gaming graphics chips, the US-based firm has transformed into a global leader in artificial intelligence (AI). The surge in AI demand has driven its stock price to record highs, rising over 50% this year.
Despite a brief dip in April due to trade tensions under US President Donald Trump, investor confidence has remained strong, especially with Nvidia’s expanding business in China, its biggest market. Trump recently lifted a ban on Nvidia’s chip sales to China, with the company agreeing to pay 15% of its Chinese revenue to the US government.
Nvidia’s CEO Jensen Huang announced major partnerships with OpenAI and Oracle, forecasting $500 billion in AI chip orders next year, cementing Nvidia’s dominance in the rapidly growing AI industry.
